Oppenheimer issues bold price target on SpaceX stock after record IPO

Oppenheimer has issued a bold price target on SpaceX stock following the company's historic IPO, which raised $75 billion and saw shares surge to $160.95 on the first day of trading.

The IPO, priced at $135 per share, raised $75 billion, making it the largest U.S. stock-market IPO by amount raised, surpassing Alibaba's $21.8 billion listing in 2014 and Visa's $17.4 billion IPO in 2008. The stock closed its first day at $160.95, reflecting strong investor demand for Elon Musk's space venture. The valuation debate has intensified, with some questioning how much upside remains after such a strong debut.

For traders, the price target from Oppenheimer provides a benchmark for assessing SpaceX's valuation relative to its peers in the aerospace and defense sector. The company's unique position as a leader in commercial spaceflight and satellite internet (Starlink) adds a growth premium that traditional valuation metrics may not fully capture. Live commodities prices and charts on NowPrice show how the broader market is reacting to the IPO, with defense and space-related stocks seeing increased interest.

Looking ahead, investors will focus on SpaceX's ability to execute on its ambitious Starship program and expand Starlink's subscriber base. Key levels to watch include the IPO price of $135 as support and the first-day high of $160.95 as resistance. Any updates on government contracts or regulatory approvals could drive further volatility.